EURUSD achieves some gains – Analysis - 30-11-2016

The EURUSD pair traded with clear positivity yesterday's evening to approach from the key resistance 1.0685, which represents one of the next trend keys besides 1.0519 support, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now, noting that stochastic current negativity might push the price to decline in the upcoming sessions and test the mentioned support.

Note that breaching 1.0685 level will lead the price to achieve more gains on the short term basis, to start the positive targets at 1.0778 and extend to 1.0938, while breaking 1.0519 will push the price to continue the decline that started from the middle this year to target 1.0326 areas as a next main station.

Expected trading range for today is between 1.0500 support and 1.0778 resistance.

Expected trend for today: Depends on the above mentioned levels